Cash for some Access clients

Monday 13 September 2004

Relief is in sight for some clients of collapsed internet broker Access Brokerage.

By The Landlord

Liquidator Michael Stiassny said last night that he expected $13 million held in UDC Finance accounts to be available today.

That left $34 million frozen in BNZ accounts.

Stiassny said: "BNZ accounts have a different structure and we are continuing to work on that issue."

The total of $47 million is $4 million more than previous indications.

UDC accounts were used to hold Australian dollars for Access clients.

Access - which is controlled by former Olympic Committee chief Bill Garlick - yesterday appointed Stiassny and Brendon Gibson as liquidators, expanding their previous powers as interim liquidators.

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